On January 12, 2012 Randstad completed the divestment of the payrolling business of Ma Foi Randstad in India. Randstad has sold these activities to Automatic Data Processing Inc. (Nasdaq: ADP). This divestment enables Ma Foi Randstad to focus on its core activities in India, which are Search & Selection, Staffing and HR Solutions.
While further streamlining its portfolio, Randstad also exited Angola. On January 2, 2012 Randstad sold its subsidiary Select Vedior Lda in Angola to its management.
Finally, Randstad completed the divestment of Yacht Teccon's Aerospace business as of December 31, 2011. This transaction was announced in a press release on November 8, 2011.
These transactions do not have any material impact on the results or financial position of the Randstad Group.
about randstad
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
for more information
Elise Martin-Davies
+31 (0)6 1322 5136
press@randstad.com